The rating on Georgia Housing and Finance Authority's (GHFA) single-family mortgage revenue bonds, series 2002A, reflects the extremely strong credit quality of and cash flow sufficiency of the pool of conventional mortgages supporting the bonds. Substantially all of the investments under the resolution are guaranteed investment contracts (GICs) or 'AAA' rated government securities. There is a portion of investments that are rated 'AA'. "The magnitude and duration of these investments will not adversely affect the rating on the bonds," said credit analyst Jeanie Yarbrough. Cash flows were run under a variety of origination and prepayment scenarios. In all cases, the cash flow runs demonstrate that there are sufficient assets and revenues to pay debt service on a full and timely
